Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) Short Interest Up 79.7% in April

Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,131,196 shares, a growth of 79.7% from the April 15th total of 629,420 shares. Based on an average daily trading volume, of 440,625 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.6% of the company’s shares are sold short.

Global X Lithium & Battery Tech ETF Trading Down 1.5%

Shares of NYSEARCA:LIT opened at $81.78 on Wednesday. The stock’s 50-day moving average price is $78.79 and its 200-day moving average price is $71.50. Global X Lithium & Battery Tech ETF has a 12-month low of $35.62 and a 12-month high of $91.98. The stock has a market capitalization of $2.00 billion, a P/E ratio of 21.25 and a beta of 1.03.

Institutional Trading of Global X Lithium & Battery Tech ETF

Large investors have recently modified their holdings of the business. South Shore Capital Advisors bought a new stake in shares of Global X Lithium & Battery Tech ETF in the fourth quarter worth about $616,000. Moran Wealth Management LLC grew its stake in shares of Global X Lithium & Battery Tech ETF by 28.0% in the fourth quarter. Moran Wealth Management LLC now owns 31,812 shares of the company’s stock worth $2,063,000 after purchasing an additional 6,951 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global X Lithium & Battery Tech ETF by 493.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,630 shares of the company’s stock worth $819,000 after purchasing an additional 10,500 shares during the last quarter. IFG Advisory LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the third quarter worth about $1,329,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of Global X Lithium & Battery Tech ETF in the third quarter worth about $607,000.

About Global X Lithium & Battery Tech ETF

Global X Lithium ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index (the Index). The Index is free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure broad based equity market performance of global companies involved in the lithium industry, as defined by Structured Solutions AG. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index.